Increase in Distressed CRE Mortgages

The number of distressed commercial real estate mortgages has increased by 10% to a total of $187.4 billion. However the velocity of distressed mortgages has slowed down, possilby due to lender's willingness to "extend and pretend." Is this a good thing or a bad thing? Read More

Recession Lessons

Great article about how five brokers have adapted their practice to survive the downturn.  Read More 

GDP at 5.7%

The U.S. economy surged at the end of 2009, driven more by slower inventory liquidation than by consumer spending. Gross domestic product rose at a seasonally adjusted 5.7% annual rate from October through December, the Commerce Department said Friday in its first estimate of fourth-quarter GDP.

GDP has gone up two straight quarters, rising 2.2% in the third quarter after a year of contraction. In all of 2009, GDP fell 2.4%, the biggest drop for an entire year since 10.9% in 1946.

 

Feast or Famine for 2010

The layer of distressed debt at the top end appears to be breaking loose. What about for the rest of us?

 

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$160B Distressed Commercial Property Hits Close to Home

The unfortunate downfall of the Lembi Family's 8000 unit portfolio has created a lot of activity in San Francisco. With around 1500 units sold off, 1200 units with loan modifications, there could be as many as 5,300 units freeing up in 2010.

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